S&P Global Inc. (NYSE:SPGI) Shares Sold by Railway Pension Investments Ltd

Railway Pension Investments Ltd cut its stake in S&P Global Inc. (NYSE:SPGI) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,000 shares of the business services provider’s stock after selling 18,000 shares during the period. S&P Global accounts for 1.6% of Railway Pension Investments Ltd’s portfolio, making the stock its 11th largest position. Railway Pension Investments Ltd’s holdings in S&P Global were worth $161,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $26,000. Pineridge Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $26,000. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares during the period. Frazier Financial Advisors LLC bought a new position in shares of S&P Global during the fourth quarter worth about $36,000. Finally, MCF Advisors LLC grew its position in shares of S&P Global by 141.7% during the fourth quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock worth $38,000 after acquiring an additional 51 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

S&P Global stock traded down $4.49 during trading hours on Friday, hitting $486.04. 1,214,394 shares of the company traded hands, compared to its average volume of 1,127,889. The firm’s 50-day simple moving average is $455.60 and its two-hundred day simple moving average is $438.79. The firm has a market cap of $152.13 billion, a P/E ratio of 54.49, a P/E/G ratio of 2.55 and a beta of 1.16. The company has a quick ratio of 0.92, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $502.95.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.37. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.12 EPS. As a group, analysts forecast that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s payout ratio is 40.81%.

Wall Street Analyst Weigh In

SPGI has been the subject of several recent research reports. BMO Capital Markets upped their price target on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research report on Wednesday. Bank of America upped their price target on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. upped their price target on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday. Oppenheimer upped their price target on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $526.73.

Insiders Place Their Bets

In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares in the company, valued at $715,205.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.